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1533 Springfield Dr, Waxhaw, NC 28173

3 beds • 4 baths • 3435 sqft

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This property looks like a bad Airbnb investment with a projected -18.45% first-year return on $191k initial cash invested.

-18.45%

Cash On Cash

1.92%

Cap Rate

0.32

DSCR

$3,486

Rent

-$2,942

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $6,428 expenses = $2,942 out of pocket

Income$3,486Out of Pocket$2,942Mortgage P&I$4,126118%Property Taxes$34010%Insurance$2898%Management$52315%CapEx$1394%Maintenance$1394%Other$87225%

Investment Breakdown

|

Purchase Price

$826k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,257

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,486

Total Expenses

$6,428

Mortgage P&I

118%

$4,126

Property Taxes

10%

$340

Home Insurance

8%

$289

HOA

0%

$0

Property Management

15%

$523

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$872

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